INCOME TAX

which tax will be benifit for a y 21-22 new tax scheme or old tax scheme as my father pension will be Rs 800000 axp. he is sr cittizen
Replies (3)
Quick Summary
This discussion explores which income tax scheme, the new or old, is more beneficial for a senior citizen with a pension of Rs 8 Lakh for the financial year 2021-22. It highlights the need to calculate income under both schemes to determine the optimal choice. The conversation also touches upon tax-free gold bond schemes and potential deductions for LIC or medical insurance.

Gold bond tax free schemes

Any deductions of your father like LIC or medical insurance??
You need to work out computation of income under both new and old scheme. Then only you know which is beneficial.

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